Applicable Rating Agency definition

Applicable Rating Agency means any Rating Agency that (i)(a) published a rating for the Company on the date of initial issuance of the Series 2017A Notes and (b) publishes a rating for the Company at such time as a Rating Agency Event occurs, or (ii) any successor to a Rating Agency described in the preceding clause (i).

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Applicable Rating Agency means any Rating Agency that (a) published a rating for the Company on the date hereof and publishes a rating for the Company at such time as a Rating Agency Event occurs, or (b) any successor to a Rating Agency described in the preceding clause (a).

Applicable Rating Agency means, with respect to any Liquidity Reserve Letter of Credit, (i) each of Fitch and KBRA, for so long as each of them is a Rating Agency with respect to any outstanding Notes and (ii) any Rating Agency then rating the Series of Variable Funding Notes with respect to which such Liquidity Reserve Letter of Credit was issued.

Examples of Applicable Rating Agency in a sentence

No adjustment in the Note Interest Rate shall be made solely as a result of an Applicable Rating Agency ceasing to provide a rating.
The Note Interest Rate will permanently cease to be subject to any adjustment described above (notwithstanding any subsequent decrease in the ratings by any Applicable Rating Agency) if the Notes become rated “A3” (or its equivalent) or higher by ▇▇▇▇▇’▇ (or any Substitute Rating Agency) and “A-” (or its equivalent) or higher by S&P (or any Substitute Rating Agency), or one of those ratings if only rated by one Applicable Rating Agency, in each case with a stable or positive outlook.
Such Initial Purchaser shall have received a copy of a letter issued by the Applicable Rating Agency assigning at least a “BBB-” Credit Rating (or the equivalent) in respect of the Initial Notes.
Each Trust Account shall be maintained in the Corporate Trust Office of the Trustee or with a bank which is organized under the laws of the United States or any state which is a member of the FDIC and has a certificate of deposit rating in the highest investment category granted by the Applicable Rating Agency or otherwise approved by each Applicable Rating Agency.
Each Borrower shall furnish to Lender, within ten (10) Business Days after request, such further detailed information with respect to the operation of its Collateral Property and the financial affairs of such Borrower or Manager as may be reasonably requested by Lender or any Applicable Rating Agency, all such information to conform to any related requirements of the Securities and Exchange Commission.

More Definitions of Applicable Rating Agency

Applicable Rating Agency means a Rating Agency that assigned a Rating as of March 22, 2020.

Applicable Rating Agency means (i) A.M. Best Company, Inc. and/or (ii) any rating agency agreed from time-to-time by mutual written consent of the Company and the Retrocessionaire.

Applicable Rating Agency means one of the following Rating Agencies at any given time: (i) in the case that there is only one Rating Agency rating the Notes, such Rating Agency, (ii) in the case that there are two Rating Agencies rating the Notes, such Rating Agency providing the lower rating, or (iii) in the case that there are three or more Rating Agencies rating the Notes, such Rating Agency providing the second lowest rating. The initial Rating Agency shall be ▇▇▇▇ ▇▇▇▇▇.

Applicable Rating Agency means (a) in the case of the Class A Pass Through Trust, Fitch, ▇▇▇▇▇’▇ and Standard & Poor’s and (b) in the case of the Class B Pass Through Trust and the Class C Pass Through Trust, ▇▇▇▇▇’▇ and Standard & Poor’s.

Applicable Rating Agency. : means any Rating Agency that (i) (a) published a rating for the Series L Preference Share Issuer on the date of original issuance of the Trust Preference Securities and (b) publishes a rating for the Series L Preference Share Issuer at such time as a Rating Agency Event occurs, or (ii) any successor to a Rating Agency described in the preceding clause (i).

Applicable Rating Agency means, with respect to any Liquidity Reserve Letter of Credit, (i) KBRA, for so long as KBRA is a Rating Agency with respect to any Outstanding Notes and (ii) any Rating Agency then rating the Series of Variable Funding Notes with respect to which such Liquidity Reserve Letter of Credit was issued.

Applicable Rating Agency means the Rating Agency that has assigned the Senior Notes a Credit Rating.